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Question 9 Nash Company provides you with the following statement of financial position information as of December 31, 2017. Non-current assets $28,010 Equity $12,870 Current
Question 9 Nash Company provides you with the following statement of financial position information as of December 31, 2017. Non-current assets $28,010 Equity $12,870 Current assets 11,290 Non-current liabilities 13,560 Total assets $39,300 Current liabilities 12,870 Total equity and liabilities $39,300 In addition, Nash reported net income for 2017 of $17,080, income tax expense of $3,416, and interest expense of $1,188. (a) Compute the debt to assets ratio for Nash for 2017. (Round answer to 2 decimal places, e.g. 0.56:1.) Debt to assets ratio :1 (b) Compute times interest earned for Nash for 2017. (Round answer to 1 decimal place, e.g. 15.6.) Times interest earned ratio
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